Sonic Automotive Inc. (NYSE: SAH) has reported E.P.S. of $1.21 for its second fiscal quarter (ending June 30) versus $0.66 for the same period a year ago — an increase of 83%. However, this performance was $-0.17 short of the consensus estimate of $1.38. E.P.S. were $5.55 for the latest four quarters through June 30 versus $-0.94 for the same period a year ago.
Recent Price Action
On 8/5/24, Sonic Automotive Inc. (NYSE: SAH) stock enjoyed a large increase of 3.4%, closing at $57.78. Moreover, trading volume in this advance was exceptionally high at 310% of normal. The stock has declined -0.9% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
SAH’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Sonic Automotive has a current Value Trend Rating of C (Low Neutral). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Sonic Automotive has a neutral Appreciation Score of 56 and a neutral Power Rating of 40, leading to the Low Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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